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Friday, June 30, 2017

From the Editor's DeskAs Teresa Barger of Cartica Capital says in this article, financialisation and formalization are two dominant economic trends in India today. Financialisation is when money comes out of cash, gold and savings accounts into the financial markets. This is being driven by more Indians (especially millenials) participating in mutual funds, insurance-led funds, etc. At this stage of India's growth, this should be good, as corporate India can use this money to grow themselves and the economy. The second trend of formalization is what some of the big bang reforms of the current government have been all about. While demonetization was an attempt at catching individual evaders in the tax net, GST will help increase the corporate tax net as companies at the top of the food chain will force smaller companies to file taxes, so the big companies can claim input credit. This is more likely to succeed than demonetization. It will also drive some SMEs out of business!

43 of 55 McDonald's outlets in Delhi shut due to health license, legal battleForty-three of the 55 McDonald's outlets in Delhi are shutting down, media reports said on Thursday, blaming the tussle between the north Indian franchisee and the global food giant for the shock decision. "The 'eating house licenses' of a number of ... articles

MRP, expiry dates a must on ecomm products soonNew Delhi, Jun 29 () Products sold on e-commerce platforms and medical devices declared as drugs like stents will now have to mandatorily carry retail prices and other essential information from next year as per the government's new labelling rules.